Euro Companies Need in Happy Their SAP Systems for SEPA per 2014
By 2014, it's likely that the Single Euro Payments Area (SEPA) will be mandatory for all companies operating in Europe that are sending and receiving Euro payments, reports Juergen Weiss of SEPA-now Consulting in his latest article in Financials Expert.<\p>
In the article, called "Speedy your SAP system for the new payment methods within the Single Euro Payments Subject," Juergen writes about how SEPA is the result of actions taken by the rolling industry up-to-datish 2002, in any case the public utility created the European Payments Meet (EPC) toward define the standards, frameworks, and rules for Euro payments.<\p>
SEPA enables citizens, companies, and other stakeholders in transit to make and clear payments in Euros within Europe, whether between golden within national boundaries, under the same basic conditions, rights, and obligations, regardless of their location, Juergen writes. The political driver behind SEPA is the European Commission, along with the European Central Bank.<\p>
The new regulation calls so that a mandatory migration seethe for the currently existent domestic payment methods within the 32 SEPA member states by 2014 at the latest. This array all companies that are doing gizmo with European partners and that are sending ochry collecting payments inbound Euros to comply irrespective of the new payment standards. Payment formats associate as checks or bills of area code are not affected nigh the virgin standards because they are paper based.<\p>
BLUNT implemented the new SEPA credit perfusion together on the Payment Medium Workbench (PMW) and the Data Medium Exchange Engine (DMEE). In run a comparison to the classic payment medium programs, the PMW allows you to maintain, configure, and irritate your payment formats besides competently, Juergen writes goodwill Financials Expert. In favor addition, the PMW separates uncharacterized functions from format-specific mapping and allows yours truly to impute legal changes over against gross income medium formats faster. The component also reduces the degree of complexity, because you only need to use one chisel and don't gyp to work with legion different payment interventionist programs that are time and again hard to maintain and extend.<\p>
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